All three global gold markets are in line with each other. At this moment in time, we don’t see that the three are leading or following each other, but the closeness of prices tells us that arbitrageurs are doing a very professional job of smoothing out the gold markets across the world. New York closed $1.44 below Shanghai’s closing yesterday and today. London opened at a $1.46 discount to Shanghai in line with New York. This is the closest we have ever seen them.

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I could be considered a bleeding heart libertarian... why? Because I'm also an idealist. I'm for sound money and smaller government.

I write about precious metals markets on my blog. Please check it out and comment. The best way to learn is to engage with others who are passionate about protecting wealth during these treacherous times!

When I'm not engaging with others online about politics, I enjoy camping and spending time with my family.